Sterilization equipment market to grow by USD 3.70B from 2022-26

The sterilization equipment market is expected to grow by USD 3.70 billion from 2021 to 2026. In addition, the momentum of the market will progress at a CAGR of 7.93% during the forecast period, according to Technavio Research. The market is segmented by Product (low-temperature sterilizers, heat sterilizers, sterile membrane filters, and radiation sterilization devices) and Geography (North America, APAC, Europe, and the Rest of the World (ROW)). 36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for sterilization equipment in North America. Market growth will be facilitated by the expanding healthcare sector, increasing numbers of hospital-acquired infections, and a strong presence of key players on the market.

Company profile:
3M Corp., ACMAS Technologies Pvt. Ltd., Andersen Sterilizers, C.B.M. S.r.l. Medical Equipment, Cantel Medical., Cardinal Health Inc., Continental Equipment Co, Cosmed Group, De Lama Spa, Fortive Corp., Getinge AB, Merck KGaA, MMM Group, Noxilizer Inc., Sotera Health Co., Steelco SpA, STERIS Plc, Stryker Corp., Systec GmbH, Tuttnauer, and YATHERM SCIENTIFIC

Soterahealth – The company offers sterilization equipment for various applications.

Sterilization Equipment Market: Segmentation Analysis
The sterilization equipment market share growth by the low-temperature sterilizers segment will be significant during the forecast period. There is a growing need for sterilization of heat-sensitive medical devices and equipment, which is propelling the demand for low-temperature sterilizers. Additionally, the use of expensive, moisture-sensitive, and delicate medical devices that are difficult to sterilize, such as endoscopes, is driving the growth of the market segment. Low-temperature sterilization equipment is further sub-segmented into ethylene oxide (ETO) sterilizers, hydrogen peroxide sterilizers, ozone-based sterilizers, and other low-temperature sterilization equipment.

Key driver
The strategic initiatives of market players is a key factor driving market growth. There is a high degree of competition in the world’s sterilization equipment market. To overcome competition in the market, operators of the market have adopted strategies such as mergers and acquisitions M & A, expansion projects, launches of new products, or increased production capacity.

The growing number of surgical procedures is a key trend in the sterilization equipment market. Identify key trends, drivers, and challenges in the market. Technavio